CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 1.81


SUPPORT LEVELS : 1.67
PAIR ANALYSIS :
GBP/CAD is in a trendless tendency as indicated in fig 1 . The currency pair has been dominated by a trendless position tendency with few corrections along the resistance and support lines of the channel indicated in fig 2. The Linear Regression Slope around 0.01 suggest the secondary slightly bullish tendency around the support line. The MFI and the configuration of the Parabolic Sar seem to support the slightly bullish indication.
The chart analysis suggest the possibility of a retracement around the support zone around 1.7 zone as indicated in fig 2. A bearish crossing at 1.7 could suggest an offer side monopoly.
It can be evaluated a forecast level price at 1.8081
FIGURE 1 shows the trendlines


FIGURE 2 indicates the forecasting pattern

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